Property Overview & Key Characteristics
This one-and-a-half storey home on Boyd Avenue is a classic Winnipeg character property, built in 1913. Its primary appeal lies in its generous, above-average lot size (2,278 sq ft), which ranks in the top tier for the street and neighbourhood, offering significant outdoor space and potential. The home features a detached garage and an unrenovated basement, presenting a straightforward canvas for updates. With a living area of 1,065 sq ft, it provides practical space for a small household.
This property is well-suited for a first-time buyer or an investor looking for a character home with a prime lot in the Inkster-Faraday area. Its strong rankings for lot size and assessed value within Winnipeg suggest a solid foundational investment. The home would particularly appeal to a buyer who values the charm of an older home and views the unrenovated spaces not as a drawback, but as an opportunity to add value according to their own taste and timeline, without the premium of a fully finished property.
Frequently Asked Questions
1. What does the "Top X%" ranking mean for the lot size?
The lot size of 2,278 sq ft ranks in the top 13% on Boyd Avenue and the top 6% in the Inkster-Faraday neighbourhood. This means the lot is notably larger than most in the immediate area, which is a key asset for outdoor space, gardening, or future expansion.
2. The home was built in 1913. What should I consider?
While full of character, a 110+ year-old home will likely have original systems and require careful inspection. The unrenovated basement and overall condition mean the priority will be on essential updates (like plumbing, electrical, or insulation) before cosmetic renovations. Its age is reflected in the lower assessed value.
3. How does the assessed value compare?
At $16,600, the assessment is slightly above the median for the street but ranks in the top 7% city-wide for value. This suggests the property is assessed favorably compared to many in Winnipeg, potentially due to its lot size, but property taxes will be based on this figure.
4. Who might this property not suit?
It may not suit buyers seeking a move-in-ready, modernized home, as updates are needed. The one-and-a-half storey layout with likely smaller, original upstairs bedrooms may also not fit families requiring substantial bedroom space or single-level living.
5. What is the context of the nearby "similar value" properties listed?
The listed similar-value properties (e.g., on Oakdale Drive) are condo units, not single-family homes. This highlights that this Boyd Avenue home offers standalone ownership with land at a price point comparable to a condo unit elsewhere in the city, underscoring its value proposition.